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Class III milk futures slipped on profit taking and demand uncertainty, with February down $0.06 to $16.56 and March down $0.07 to $17.08. Cash cheese blocks were roughly flat at $1.69, barrels rose slightly to $1.46, and butter held at $2.22.
Softer Class III futures reduce near-term dairy income expectations, a mild bearish signal for dairy feed demand. The move is small and reflects routine trading.
brownfieldagnews.comJohn PerkinsJan 30, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
